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National Cement Kenya Gets $108 Million Plant Loan, Daily Says

Kenya Commercial Bank Ltd. (KNCB) and Standard Chartered Bank Plc’s Kenyan unit will provide a loan to National Cement Ltd. for it to set up a 10 billion-shilling ($108 million) clinker plant, Business Daily reported.

The plant will be commissioned at the end of 2012, the Nairobi-based newspaper said, citing Narendra Raval, the managing director of National Cement, a closely held company.

To contact the reporter on this story: Johnstone Ole Turana in Nairobi at jturana@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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